#数字货币市场洞察 $ETH Yesterday's price action was quite interesting. After starting from 2970, it went straight up to 3084. The volatility from the afternoon to the evening was even more intense—first a wick down to 3028, then a rally to 3147, and after a pullback, another push to 3213. You can clearly feel that the rebound is getting stronger step by step.

From a technical perspective, here are a few details: the bottom structure is a double-bottom pattern, and the lows are rising, which indicates strong support. On the hourly chart, although the MACD bearish bars are increasing, the Bollinger Bands have narrowed significantly, compressing the downside potential. Combined with the reversal signal from the single long lower shadow, the upward momentum has pretty much been built up.

If the price stabilizes around 3100 on a pullback in the early session, you can consider going long with the trend. The key is to watch three things: whether the double-bottom support holds, which direction the Bollinger Bands break out after narrowing, and whether there are signs of stabilization during the pullback.

Also, keep an eye on the movements of $ZEC and $pippin .